Legacy Wealth Asset Management LLC Decreases Holdings in Enpro Inc. (NYSE:NPO)

Legacy Wealth Asset Management LLC lowered its stake in Enpro Inc. (NYSE:NPO) by 1.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,303 shares of the industrial products company’s stock after selling 92 shares during the period. Legacy Wealth Asset Management LLC’s holdings in Enpro were worth $1,022,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in shares of Enpro by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 2,335,491 shares of the industrial products company’s stock worth $366,065,000 after purchasing an additional 22,611 shares during the period. Congress Wealth Management LLC DE increased its position in Enpro by 5.7% during the first quarter. Congress Wealth Management LLC DE now owns 59,738 shares of the industrial products company’s stock valued at $10,082,000 after acquiring an additional 3,203 shares during the last quarter. Azzad Asset Management Inc. ADV raised its stake in shares of Enpro by 5.7% in the first quarter. Azzad Asset Management Inc. ADV now owns 5,710 shares of the industrial products company’s stock valued at $964,000 after acquiring an additional 306 shares during the period. Norden Group LLC purchased a new stake in shares of Enpro in the first quarter valued at $557,000. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Enpro by 77.6% in the 1st quarter. BNP Paribas Financial Markets now owns 10,517 shares of the industrial products company’s stock worth $1,775,000 after acquiring an additional 4,595 shares during the last quarter. 98.31% of the stock is owned by institutional investors.

Insider Activity

In related news, CAO Steven R. Bower sold 1,548 shares of the stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $150.06, for a total value of $232,292.88. Following the transaction, the chief accounting officer now owns 604 shares of the company’s stock, valued at $90,636.24. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Enpro from a “hold” rating to a “buy” rating in a research report on Monday, September 2nd.

Enpro Price Performance

Shares of NPO stock opened at $149.06 on Friday. The stock has a 50 day moving average price of $155.78 and a 200 day moving average price of $153.33. Enpro Inc. has a 52-week low of $106.08 and a 52-week high of $176.13. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.90 and a current ratio of 2.72. The firm has a market capitalization of $3.13 billion, a P/E ratio of 73.79 and a beta of 1.40.

Enpro (NYSE:NPO) last released its earnings results on Tuesday, August 6th. The industrial products company reported $2.08 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.23. The business had revenue of $271.90 million during the quarter, compared to the consensus estimate of $270.90 million. Enpro had a return on equity of 9.54% and a net margin of 4.14%. The business’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period last year, the company earned $1.83 earnings per share. As a group, sell-side analysts predict that Enpro Inc. will post 7.4 earnings per share for the current year.

Enpro Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 4th were paid a $0.30 dividend. The ex-dividend date was Wednesday, September 4th. This represents a $1.20 dividend on an annualized basis and a yield of 0.81%. Enpro’s dividend payout ratio is currently 59.41%.

About Enpro

Enpro Inc design, develops, manufactures, and markets proprietary, value-added products and solutions to safeguard critical environments in the United States, Europe, and internationally. It operates through two segments, Sealing Technologies and Advanced Surface Technologies. The Sealing Technologies segment offers single-use hygienic seals, tubing, components and assemblies; metallic, non-metallic, and composite material gaskets; dynamic seals; compression packing; hydraulic components; expansion joints; and wall penetration products for chemical and petrochemical processing, pulp and paper processing, nuclear energy, hydrogen, natural gas, food and biopharmaceutical processing, primary metal manufacturing, mining, water and waste treatment, commercial vehicle, aerospace, medical, filtration, and semiconductor fabrication industries.